It comes to no surprise that the world is rich with exposure. Every day companies are getting hacked or someone is trying to sue them. Bigger companies face bigger risks that could cost them a lot. But what exactly are the main concerns for companies to worry? We’ve got the top ten risks CEOs and risk managers worry most about.
Risk management is a process for identifying, assessing, and prioritizing risks of different kinds. All companies experience risk so it is important to have a dedicated team to managing these risks to help protect your company. Once the risks are identified, the risk manager will create a plan to minimize or eliminate the impact of negative events. A variety of strategies are available, depending on the type of risk and the type of business. Through the risk management, an organization reviews its susceptibility to unexpected losses, and then develops strategies either to prevent losses from happening, or to reduce damage and expense when they do.
Growth and Innovation
In recent years, 3D printing has opened doors to many possibilities, primarily in healthcare. Within the last two years, patients have received 3D printed products, some resulting in lives being saved. “3D printing has advanced the production of personalized medical products, including implants, prostheses, devices, surgical guides and models. Those products are created using patient specific data to create truly personalized devices that are helping to advance medicine in a number of fields,” Dr. Alasdair Stewart stated. The 3D printing industry for healthcare is projected to reach $2.879 billion in 2019.